60 day buy Program

[dknn79]

I just heard from a dealer, starting next Tuesday that GM is offering a 60 days buy back guarantee. If you waive it, you get a 500 dollar rebate? Has anyone else heard about this program or is this dealer making stuff up?

[Henry_FL]

Which dealer might that be?

With there sales strong it would be doubtful, but I have no inside knowleged one way or another

They did this is 2009 when the car sales were in the tank

http://www.autoblog.com/2009/09/10/g...vehicle-purch/

[Steverino]

We all know that most people who actually drive the car come away with a very pro-Volt opinion, compared to those who have never driven it. This program (if it exists) would not be aimed at casual joyriders, but those who are interested but have a bit of hesitancy/distrust/wariness about the new tech. Something that could be overcome with a guarantee like this. I think it would help. It's like an extended test drive, but much more formal and serious given the paperwork, money, etc. involved.

[VoltageDrop]

Yeah....and then the person will drive it for 2 months and say....I really don't want it...(free car rental for two months...new car at that)...and then the dealer will turn around and try to charge the person (who really wants to buy a Volt) as close to full price as possible....If this happens and I was in the market to buy a "new" Volt ( I already have one....but thinking of others who are on the verge of pulling the trigger) I would probably want to see my Volt coming off of the delivery truck......

[RScott]

Yeah....and then the person will drive it for 2 months and say....I really don't want it...(free car rental for two months...new car at that)...and then the dealer will turn around and try to charge the person (who really wants to buy a Volt) as close to full price as possible....If this happens and I was in the market to buy a "new" Volt ( I already have one....but thinking of others who are on the verge of pulling the trigger) I would probably want to see my Volt coming off of the delivery truck......

Unlike loaners and extended test drives, these cars are actually the legal property of the buyer (or their bank or leasing company). If the person "returns" the car (GM buys it back), it would have to be treated as a used car. The dealer cannot then sell it as new.

The more interesting piece is the $500 rebate if you waive the 60-day buyback. Are they somehow raising the price $500, or can people now get Volts for $500 less than they could before?

Maybe this is going to start after the $2,500 dealer incentive ends.

[Henry_FL]

Unless someone posts a link, it ain't happening. The OP hasn't responded which dealer told him this ...

There is absolutely no way GM will risk a 7500 dollar loss for potential sale of a Volt, also technically the two week volt owner could then apply for the 7,500 credit, that seems like a sure fire way for people to scam the system for huge gains

[VoltageDrop]

Unlike loaners and extended test drives, these cars are actually the legal property of the buyer (or their bank or leasing company). If the person "returns" the car (GM buys it back), it would have to be treated as a used car. The dealer cannot then sell it as new.

The more interesting piece is the $500 rebate if you waive the 60-day buyback. Are they somehow raising the price $500, or can people now get Volts for $500 less than they could before?

Maybe this is going to start after the $2,500 dealer incentive ends.

Oh....I see....didn't know that....I thought it was one of those "extended" test drive situations.....in this case..."REALLY extended"...lol